Perion Network Ltd. [1] (NASDAQ and TASE: PERI) this week reported its financial results for the first quarter ended March 31, 2025.
“Our strong start to the year is indicative that we have the right strategy to serve a customer base that can keep expanding as we go. Our key growth engines DOOH, CTV and Retail Media, delivered year-over-year improvement,” commented Tal Jacobson, Perion’s CEO. “With our strengthened leadership team in place, we are focused on better capturing growth opportunities and market share while enhancing our Perion One platform offering. I believe that 2025 will be a year of transformation for Perion, and we are gradually adding the necessary components to our existing capabilities through responsible acquisitions and focusing our R&D efforts on AI-enabled solutions.”
- Retail Media revenue increased 33% year-over-year to $19.8 million, representing 22% of revenue compared to 9% last year.
- CTV revenue increased 31% year-over-year to $10.7 million, representing 12% of revenue compared to 5% last year.
- DOOH revenue increased 80% year-over-year to $17.4 million, representing 19% of revenue compared to 6% last year.
- Launched integration partnership with The Trade Desk, fostering deeper interoperability across the industry.
- Announced results for our Next-Gen AI-Powered Chatbot that Drives Double-Digit Engagement Lift
- Expanded share repurchase authorization to $125 million and initiated an accelerated repurchase program to support capital return strategy and enhance shareholder value.
“As a result of the organic growth we delivered in the first quarter, along with the highly synergistic acquisition of Greenbids, we are raising our full year 2025 revenue and adjusted EBITDA guidance. We are well-positioned to deliver improved, profitable results in 2025, driving greater long-term value for our shareholders,” Mr. Jacobson concluded.
Based on current expectations, the Company is increasing its full-year 2025 outlook ranges:
- Revenue of $430 to $450 million
- Adjusted EBITDA of $44 to $46 million
- Adjusted EBITDA to contribution ex-TAC of 22% at the midpoint